UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported):

May 1, 2007

NAVTEQ CORPORATION

(Exact Name of Registrant as Specified in Charter)

DELAWARE		0-21323		77-0170321
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

222 Merchandise Mart, Suite 900

Chicago, Illinois 60654

(Address of Principal Executive Offices) (Zip Code)

(312) 894-7000

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition.

On May 1, 2007, NAVTEQ Corporation issued a press release announcing its financial results for its first quarter ended April 1, 2007 and held a conference call to discuss those results. A copy of the press release and a slide presentation included in the webcast of the conference call are filed hereto as Exhibits 99.1 and 99.2, and are incorporated herein by reference.

The information in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, unless expressly set forth by specific reference in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following exhibits are filed with this Current Report on Form 8-K:

Exhibit No.		Description

99.1		Press Release issued by NAVTEQ Corporation on May 1, 2007.

99.2		First Quarter 2007 Results Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NAVTEQ CORPORATION


Date: May 1, 2007	By:	/s/ David B. Mullen
		David B. Mullen
		Executive Vice President and
		Chief Financial Officer

Index of Exhibits

Exhibit
Number		Description

99.1		Press Release issued by NAVTEQ Corporation on May 1, 2007.

99.2		First Quarter 2007 Results Presentation

Exhibit 99.1

FOR IMMEDIATE RELEASE

Editorial Contacts:
Jennifer Schuh	Bob Richter
NAVTEQ Corporation	for NAVTEQ Corporation
Tel: 312-894-3913	Tel: 212-802-8588
e-M: jennifer.schuh@navteq.com	e-M: bob@richtermedia.com

Investor Relations Contact:
Thomas R. Fox
NAVTEQ Corporation
Tel: 312-894-7500
e-M: investorrelations@navteq.com

NAVTEQ Reports Record First Quarter 2007 Operating Results

Chicago, IL – May 1, 2007 – NAVTEQ Corporation, a leading global provider of digital maps for vehicle navigation and location-based solutions, today reported record revenue and operating income for the first quarter ended April 1, 2007.

Revenue in the quarter rose 31% over the first quarter of 2006 to $160.0 million. Operating income grew 85% over the prior year to $38.3 million. Net income was up 87% over last year’s first quarter to $30.2 million. Earnings per diluted share grew 84% to $0.31, compared to $0.17 in the prior year’s quarter.

“The business is performing well and we see positive signs for the remainder of the year,” said Judson Green, President and Chief Executive Officer. “In terms of our key accomplishments, we closed on our acquisition of Traffic.com, secured new business with a number of in-dash and portable customers, and released our first Thailand map, which marked our 60^th country of coverage.”

NAVTEQ revenue from the Europe, Middle East & Africa (EMEA) region totaled $87.3 million in the quarter, up 14% from the first quarter of 2006. Excluding the impact of foreign currency rate fluctuation, EMEA revenue for the first quarter grew 5%. Revenue for the Americas region was $70.8 million in the quarter, a 61% increase over the first quarter of 2006. Asia Pacific revenue was $1.9 million compared to $1.8 million in last year’s first quarter.

Cash and marketable securities totaled $347.5 million at April 1, 2007. Net cash provided by operating activities for the first quarter of 2007 was $79.1 million.

Business Outlook

The following forward-looking statements reflect NAVTEQ management’s expectations as of May 1, 2007. For the fiscal year 2007, NAVTEQ reaffirms its previously issued annual guidance, which was provided on February 8, 2007. NAVTEQ expects revenue in the range of $720 million to $750 million and earnings per diluted share of $1.20 to $1.26, assuming an average annual U.S. Dollar/Euro exchange rate of $1.27 and an effective tax rate of 28-29%.

Earnings Call Information

The information for the company’s earnings release conference call is as follows:

When:	Tuesday, May 1, 2007 at 5:00 PM ET
Where:	http://investor.navteq.com
How:	Log on to the web at the URL above or call to listen in at 866.356.4281 (North America) or 617.597.5395 (international), passcode 42287945
Contact:	investorrelations@navteq.com

The company will provide a telephone replay of the conference call at 888-286-8010 (North America) or 617-801-6888 (international), passcode 91010598. The telephone replay will be accessible from 7:00 PM ET Tuesday, May 1, 2007 through 11:59 PM ET on Tuesday, May 8, 2007. An on-demand replay of the conference call will also be available online at investor.navteq.com until June 1, 2007.

About NAVTEQ

NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has approximately 2,800 employees located in 167 offices and in 28 countries.

This document may include certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” or words of similar meaning. The statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2006, as filed with the Securities and Exchange Commission.

Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. NAVTEQ does not undertake any obligation to update any forward-looking statements contained in this document.

NAVTEQ CORPORATION

Condensed Consolidated Statements of Income

(In thousands, except per share data)

	Quarter Ended
	April 2, 2006		April 1, 2007
	(Unaudited)

Net revenue:
Digital map licensing and related revenues	$	118,465	150,703
Advertising	—		6,227
Other	3,860		3,021
Total net revenue	122,325		159,951

Operating costs and expenses:
Database creation and delivery costs	62,851		74,255
Selling, general, and administrative expenses	38,751		47,353

Total operating costs and expenses	101,602		121,608

Operating income	20,723		38,343

Other income	2,334		3,787

Income before income taxes	23,057		42,130

Income tax expense	7,379		11,881

Net income before cumulative effect of change in accounting principle	15,678		30,249

Cumulative effect of change in accounting principle, net of tax	506		—

Net income	$	16,184	30,249


Earnings per share of common stock before cumulative effect of change in accounting principle –
Basic	$	0.17	$	0.32
Diluted	$	0.16	$	0.31

Cumulative effect of change in accounting principle per share of common stock –
Basic	$	0.01	$	—
Diluted	$	0.01	$	—

Earnings per share of common stock –
Basic	$	0.18	$	0.32
Diluted	$	0.17	$	0.31

NAVTEQ CORPORATION

Condensed Consolidated Balance Sheets

(In thousands)

	Dec. 31,		April 1,
	2006		2007
			(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	122,335	114,632
Short-term marketable securities	137,163		188,042
Accounts receivable, net	126,081		109,304
Deferred income taxes, net	9,232		16,338
Prepaid expenses and other current assets	17,744		18,830

Total current assets	412,555		447,146

Property and equipment, net	27,462		56,439
Capitalized software development costs, net	18,844		20,877
Long-term deferred income taxes, net	187,391		231,313
Long-term marketable securities	63,033		44,795
Goodwill and acquired intangible assets, net	72,814		211,452
Deposits and other assets	12,602		3,726

Total assets	$	794,701	1,015,748

Liabilities and Stockholders’ Equity

Current liabilities:
Accounts payable	$	22,874	18,898
Accrued payroll and related liabilities	33,571		29,704
Other accrued expenses	40,327		45,415
Deferred revenue	43,639		52,808

Total current liabilities	140,411		146,825

Long-term deferred revenue	2,874		47,898
Other long-term liabilities	2,035		7,789

Total liabilities	145,320		202,512

Stockholders’ equity	649,381		813,236

Total liabilities and stockholders’ equity	$	794,701	1,015,748

NAVTEQ CORPORATION

Condensed Consolidated Statements of Cash Flows

(In thousands)

	Quarter Ended
	April 2, 2006			April 1, 2007
	(Unaudited)

Cash flows from operating activities:
Net income	$	16,184		30,249
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,960			9,108
Deferred income taxes	4,843			470
Stock compensation expense	4,016			4,329
Cumulative effect of change in accounting principle	(506		)	—
Provision for doubtful receivables	1,090			575
Noncash other	377			3
Changes in operating assets and liabilities, net of effects of acquisitions	(18,553		)	34,323

Net cash provided by operating activities	14,411			79,057

Cash flows from investing activities:
Acquisition of property and equipment	(2,188		)	(6,602	)
Capitalized software development costs	(3,655		)	(5,175	)
Net purchases of marketable securities	(42,074		)	(33,687	)
Payments for acquisitions, net of cash acquired	(4,996		)	(44,369	)
Note receivable	(200		)	—

Net cash used in investing activities	(53,113		)	(89,833	)

Cash flows from financing activities:
Issuance of common stock and other equity transactions	4,060			2,233

Net cash provided by financing activities	4,060			2,233

Effect of exchange rate changes on cash	429			840

Net increase in cash and cash equivalents	(34,213		)	(7,703	)

Cash and cash equivalents at beginning of period	85,070			122,335

Cash and cash equivalents at end of period	$	50,857		114,632

Exhibit 99.2

First Quarter 2007 Results May 1, 2007

Important Disclosure This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations, assumptions and projections about NAVTEQ at the time that the statements are made. Such statements may include, but are not limited to, expectations of future financial performance and operating results, growth in unit volume, our share of business, penetration rates, product release schedules for NAVTEQ and our customers, the decline of our distribution business, and the results of the integration of acquisitions. The forward-looking statements are subject to certain risks and uncertainties that may cause the actual results to differ materially from our past performance and our current expectations and projections. For a discussion of these risks and factors that may affect future performance, please review the reports filed by NAVTEQ with the SEC; in particular, note the risk factors set forth under "Item 1A. Risk Factors" in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006. NAVTEQ disclaims any obligation to update or revise any forward-looking statements, except as required by law.

Contents 1Q07 Results & Business Update Judson Green Detailed 1Q07 Results & Metrics Dave Mullen FY07 Guidance Dave Mullen Closing Remarks Judson Green Appendix I. II. III. IV. V.

1Q07 Results Overview Revenue and operating income set new quarterly records Q1 revenue grew 31% vs. 1Q06 (25% ex. FX) Excl. FX, TRFC/TMN acquisitions & distribution business, base business revenue grew ~25% vs. 1Q06 Business performed well; FX, other factors also helped results 1Q07 Net Cash from Operating Activities was $79.1 million Cash and marketable securities of $347.5 million at 4/1/07 ($ in millions, FY2007 except per share data) Q1 Revenue 160.0 $ Costs & Expenses (121.6) 38.3 Other Income 3.8 42.1 Tax Expense (11.9) 30.2 $ Diluted EPS (as reported) 0.31 $ Net Income Pre-Tax Income Operating Income

Business Update — Revenue By Geographic Region Europe, Middle East & Africa (EMEA) Q1 revenue grew 14% vs. 1Q06 5% on constant currency basis Americas Q1 revenue grew 61% vs. 1Q06 Up 49% excl. Traffic.com & Map Network acquisitions Asia-Pacific Q1 revenue of $1.9 million 1Q07 Asia-Pacific 1% EMEA 55% Americas 44% Americas 36% EMEA 63%

Business Update — In-Dash Europe in-dash revenue down only slightly from prior year (ex. FX), as expected Decline due to shipment timing, lower distribution mix; still expect growth on a full year basis Overall car sales down 1% vs. 1Q06; mostly poor sales performance for key luxury models Sales of BMW 5-series & X5 depressed ahead of Q1 re-designs Mercedes-Benz E-class up 24%, S-class down 13% Audi A4, A6, & A8 down Adoption steady at over 80% Navigation take rates growing modestly across virtually all car segments Improved NA in-dash performance primarily due to significantly higher adoption Adoption expected to approach 70% on a full year basis 13 new models adopting navigation in Q1, including Jeep Wrangler, Ford Escape, Mercury Mariner, Mazda Tribute, and Mitsubishi Endeavor Overall car sales down 2% vs. 1Q06; mix favored smaller vehicles with lower take rates Luxury cars down 12%, Minivans & pickups down 5%, Mass market sedans down 8% Compact SUVs up 16%, Compact cars up 7% Take rates increasing in most segments, but growth is dampened by higher adoption Note: Car sales data from Global Insight.

Business Update — Portable Device, Wireless Maps for portable devices more than doubled in seasonally weak quarter Q1 revenue generally reflects December, January, & February customer royalty reports Europe revenue driven by leading PND customers, early launch of NOKIA PND PND map unit growth particularly strong in North America TomTom ONE Europe will switch to our competitor beginning in Q3 Decision NOT based on quality of map or services NAVTEQ LBS Challenge winners announced at 3GSM and CTIA Wireless Fourth annual contest had 340 applications and 25 semi-finalists Over 800 applications have been submitted since 2004

Acquisition Update The Map Network Integration of core business systems complete Destination content being integrated with our database Traffic.com Administrative overlap has been rationalized Traffic operations integration underway Combined sales efforts have already led to new business wins Map Network and Traffic.com contributed Q1 revenue of approx. $6 million

Business Update — Coverage & Content Thailand map 60th country of navigable coverage Visual Content 2-D & 3-D buildings and landmarks Map Network: Smithsonian maps www.gosmithsonian.com

New Business Hyundai First Kia model launched in December 2006 BMW (RPM) Pan-European map update program to launch in May Medion Multi-year extension for entire PND line

1Q07 Performance Q1 financial results were helped by a number of factors: 1. Favorable foreign exchange rate 1Q07 average USD/Euro rate of $1.31 vs. Guidance rate ($1.27): increased revenue by $3.1 million and EPS by $0.01 vs. 1Q06 average rate ($1.20): increased revenue by $6.9 million and EPS by $0.02 2. Better-than-expected map sales for portable devices Residual benefits from strong Q4 performance 3. Delay in executing contract with Internet customer Revenue expected in 4Q06 pushed into 1Q07 4. Operating expenses lower than anticipated Several database projects were slow to get started

1Q07 Revenue Analysis Onboard revenue represented 87% of total Distribution Services 15% of total revenue 39% of total in-dash map units EU 54% of in-dash units NA 25% of in-dash units License fees for Top 10 customers declined an average of 9% Map Units (in thousands) 2007 2006 % CHANGE 2006 % CHANGE Q1 Q4 VS. 4Q06 Q1 VS. 1Q06 In-Dash 1,029 1,117 (8%) 957 8% Portable Device 2,122 2,740 (23%) 1,035 105% Total Map Units 3,151 3,857 (18%) 1,992 58% Note: Map units include initials, updates, additional regions, and all other maps used for route guidance. Portable Device units include PNDs, PDAs, and mobile phones with onboard maps.

1Q07 Operating Expense Analysis Total operating expenses Up 20% vs. 1Q06 Up 12% excl. FX Up 3% vs. 4Q06 Database Creation & Delivery costs Up 18% vs. 1Q06 Up 10% excl. FX Down 4% vs. 4Q06 SG&A expense Up 22% vs. 1Q06 Up 16% excl. FX Up 17% vs. 4Q06 Database Creation & Delivery Costs 1Q07 Other DB 4% Direct Distribution 25% Data Collection & Processing 71% Operating Expenses 1Q07 SG&A Expenses 39% Database Creation & Delivery 61%

Additional 1Q07 Operating Expense and Profitability Data Stock-based compensation expense: $4.3 million Stock option portion: $2.5 million Operating margin: 24.0% Pretax margin: 26.3% Effective tax rate: 28.2% 0% 5% 10% 15% 20% 25% 30% 35% 40% 1Q06 2Q06 3Q06 4Q06 1Q07 Pretax Margin Operating Margin 0% 5% 10% 15% 20% 25% 30% 35% 40% 1Q06 2Q06 3Q06 4Q06 1Q07

2007 Guidance The following forward-looking statements reflect NAVTEQ management’s expectations as of May 1, 2007. For the fiscal year 2007, NAVTEQ reaffirms its previously issued annual guidance, which was provided on February 8, 2007. NAVTEQ expects revenue in the range of $720 million to $750 million and earnings per diluted share of $1.20 to $1.26, assuming an average annual U.S. Dollar/Euro exchange rate of $1.27 and an effective tax rate of 28-29%. Operating expenses for balance of year should be higher than anticipated, with spending ramping significantly in Q2.

Closing Remarks Our business has changed with the emergence of PNDs and wireless devices Demand for new content and business models requires us to adapt We are reacting to requests from our customers and anticipating their needs in terms of content, coverage and services Evolving business to focus on the mobile consumer Positioning NAVTEQ as a hub for location content Developing more options for our customers in terms of business models These changes add complexity, but we believe they will help preserve and enhance our competitive advantage

Key Financial and Other Metrics ($ in millions, except where indicated) 2006A 2006A 2006A 2006A 2006A 2007A 1Q 2Q 3Q 4Q YEAR 1Q Average USD/Euro FX rate $1.202 $1.260 $1.275 $1.292 $1.257 $1.311 Days in the period 92 91 91 91 365 91 Revenue 122.3 $ 135.9 $ 142.7 $ 180.7 $ 581.6 $ 160.0 $ 16.8% 10.7% 16.0% 23.8% 17.1% 30.8% 21.0% 23.4% 24.5% 31.1% 100.0% NA Operating Expenses (101.6) $ (102.8) $ (105.6) $ (117.9) $ (427.9) $ (121.6) $ (2.7%) 1.2% 2.7% 11.6% NA 3.2% 23.7% 24.0% 24.7% 27.5% 100.0% NA Operating Income 20.7 $ 33.1 $ 37.0 $ 62.8 $ 153.7 $ 38.3 $ 16.9% 24.4% 26.0% 34.8% 26.4% 24.0% Net Income 16.2 $ 23.8 $ 27.1 $ 42.9 $ 110.0 $ 30.2 $ (3.6%) (5.9%) (73.2%) 55.2% (35.6%) 86.9% 13.2% 17.5% 19.0% 23.8% 18.9% 18.9% Diluted EPS 0.17 $ 0.25 $ 0.28 $ 0.45 $ 1.15 $ 0.31 $ (5.6%) (7.8%) (73.6%) 53.7% (36.6%) 83.6% 14.7% 21.6% 24.6% 39.0% 100.0% NA Net Cash From Operating Activities 14.4 $ 38.0 $ 11.0 $ 76.6 $ 140.0 $ 79.1 $ Revenue Metrics Total Map Units (000s) 1,992 2,476 2,617 3,857 10,941 3,151 957 1,026 961 1,117 4,060 1,029 1,035 1,450 1,656 2,740 6,881 2,122 Onboard Revenue as % of Total 88% 91% 88% 88% 89% 87% Distribution Revenue as % of Total 19% 18% 17% 13% 17% 15% Distribution Units as % of In-Dash Total 45% 42% 40% 36% 41% 39% 66% 61% 57% 51% 59% 54% 18% 20% 22% 22% 21% 25% Americas EMEA Portable Device In-Dash % of Annual Total % Growth (vs. prior yr) % Margin % Growth (vs. prior yr) % Margin % of Annual Total % Growth (vs. previous qtr) % of Annual Total % Growth (vs. prior yr)

Selected Quarterly Metrics $0 $50 $100 $150 $200 1Q06 2Q06 3Q06 4Q06 1Q07 Revenue (M) $0 $20 $40 $60 $80 1Q06 2Q06 3Q06 4Q06 1Q07 Net Cash From Operating Activities (M) 0 1,000 2,000 3,000 4,000 1Q06 2Q06 3Q06 4Q06 1Q07 Map Units (K) Headcount 1,000 1,400 1,800 2,200 2,600 3,000 1Q06 2Q06 3Q06 4Q06 1Q07

Database Creation & Delivery Cost Detail Database Creation & Delivery Cost Detail ($ in millions) 2006A 2006A 2006A 2006A 2006A 2007A 1Q 2Q 3Q 4Q YEAR 1Q Direct distribution costs 16.0 $ 17.9 $ 18.3 $ 19.5 $ 71.7 $ 17.7 $ 25.5% 27.3% 26.4% 25.2% 26.0% 23.8% Data collection & processing costs 45.0 $ 46.4 $ 49.8 $ 53.5 $ 194.6 $ 52.8 $ 71.5% 70.6% 71.7% 69.0% 70.6% 71.1% Other database costs 1.9 $ 1.4 $ 1.3 $ 4.6 $ 9.1 $ 3.8 $ 3.0% 2.2% 1.9% 5.9% 3.3% 5.1% Total Database Creation & Delivery costs 62.9 $ 65.7 $ 69.4 $ 77.5 $ 275.5 $ 74.3 $ % of Total DC&D costs % of Total DC&D costs % of Total DC&D costs